John graduated as a software engineer from Concordia and was making great money. He$,$ however, missed the outdoors and left his job for Gaspesie. He takes tourists via seaplane to remote areas for fishing and hunting. He loves his work and, on his days off, he goes on his own kayak portaging. He works hard and makes great money for something he loves doing. He now earns $$80,000$ with all his disposable income going towards his new Jeep, his debts, some savings and his living expenses. What is John$$s Debt$-$to$-$Asset ratio?

Description

Amounts

Jeep

$$44,800$

Jeep loan $(5$ years remaining$)$

$$38,650$

Tuition loan

$$3,080$

Savings account

$$2,150$

Chequing account

$$805$

Utility bills $($heating$,$ internet $$ paid monthly$)$

$$325/$month

Tax$-$Free Savings Account $($TFSA$)$

$$14,334$

Food $($paid monthly$)$

$$570/$month

Rent $($paid monthly$)$

$$1,200/$month

Select one:

a$.$

$67\mathrm{.}21\%$

b$.$

$57\mathrm{.}26\%$

c$.$

$65\mathrm{.}41\%$

d$.$

$65\mathrm{.}78\%$

e$.$

$68\mathrm{.}31\%$